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Thursday, October 19 - Wednesday, October 25, 2017
This property showcased courtesy of Davis Tate. To view property details, see inside.
MOVING HOME? There are many things to think about when moving house. Don’t let choosing the wrong solicitor make buying or selling your home harder than it needs to be. Talk to Slade Legal about our specialist Conveyancing service. Abingdon 01235 521920
Didcot
• 01235 511211 •
Wallingford 01491 839346
www.slade-legal.co.uk
• enquiries@slade-legal.co.uk
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Consider local schools when looking to move WHETHER you’re already a parent or hope to become one in the future, if you’re looking to buy a new property, you’d be well advised to look at what the local schools are like. Indeed, even if your child-rearing days are over or you simply have no intention of ever having children, considering the reputation of the local schools could pay dividends. Simply, a good school can have an incredibly beneficial impact on the overall desirability of a local neighbourhood and, by default, the value of the houses within it. This is no less the case across Oxfordshire – a county blessed with a high percentage of well-regarded schools. Indeed, some reports suggest that it’s amongst the top areas nationwide for education. This is good news for anyone already residing within the catchment area of a school rated as ‘outstanding’ as it can literally add tens of thousands of pounds to the value of a property. In fact, the government recently funded research to look at the link between the housing market and local schools and concluded that, on average, there was a price premium in England of ÂŁ18,600 for properties located close to high performing schools. Here in Oxfordshire, a good example of this is Windmill Primary School in Headington. Rated ‘outstanding’ by Ofsted in 2016, it is ranked number one in the city and property prices within 500m of the school stand at 9% higher than the average for the whole of Oxford. Indeed, the average price of a prop-
erty in the immediate area around the school is a staggering £510,000. Of course, this is great news for anyone already in such an area, but for anyone wishing to send their children, or future children, to a good school, or who simply want to take advantage of the price premium that well-regarded schools command, it can feel quite daunting to consider this fi nancial uplift. The good news is that things don’t remain the same forever. A school, for example, which has received a less favourable Ofsted ranking, will often subsequently experience a turnaround and go through a period of transformation. If you’re familiar with the wider area, therefore, buying in the catchment area of a school going through such a transition can consequently be a savvy, and profitable, move. Of course, not everyone is so au fait either with the various suburbs or outlying areas of a town, and whilst websites such as Rightmove now integrate content on local schools in to their property listings, there’s nothing like local expertise and insight to help inform your decision on where to purchase. If you’re looking to buy a property in or around Oxfordshire and good schools are an important consideration to you, or you simply want to take advantage of the premium the areas they’re in command, then visit one of the five Andrews branches across the county or visit andrewsonline.co.uk for expert advice and honest insight in to the local market.
Moving from a two bed Oxford property to a four bed will cost you ÂŁ1,067pm
Home by a vineyard
ÂŁ925,000 AN INDIVIDUAL detached family residence of approximately 3,000 sq ft and set on a generous plot approaching a quarter of an acre and abutting a vineyard in East Hendred is for sale. Constructed to a high standard, noteworthy features include a large open plan kitchen/family/diner, master bedroom with balcony overlooking rear garden and orchard
1 bed ÂŁ248,940
Bill Cooper, co-author of The Oxford Property Blog and managing director of Martin and Co, Oxford
MOVING to a bigger home is something Oxford people with growing young families aspire to. Last week I considered the general trend towards increased demand for three and four bedroom properties as ‘generation rent’ start planning families. This week I look at the cost involved in buying a larger Oxford property. Many people in two bedroom homes move to a three-bedroom home and some even make the jump to a four-bed home. Bigger homes, especially three-bed Oxford homes are much in demand and it can be a costly move.
Front cover property
If you live in Oxford in a twobedroom property and wish to move to a four-bedroom house in Oxford, you would need to spend an additional ÂŁ270,251 (or ÂŁ1,067.49pm in mortgage payments (based on the UK Bank average standard variable rate)). However, going straight to a four bed from a two-bed home is quite rare as most people jump from a two to three-bedroom home, then later in life, from a three to four-bedroom home. So, after being asked my thoughts on moving home in Oxford by a friend recently, I did
beyond. Accommodation includes: Entrance hall, sitting room, study/ playroom, open plan kitchen family/ dining room, utility, master bedroom with en-suite, guest bedroom with en-suite, two further bedrooms, family bathroom and garage. For further details, contact the Didcot branch on 01235 818371 or email didcot@davistate.com.
Average property price in Oxford by bedroom 2 bed 3 bed 4 bed ÂŁ352,212 ÂŁ411,145 ÂŁ622,463
a little analysis of the local property market. To start with, let’s see what the average property price is for an Oxford home by the number of bedrooms it has. See the table above. I then decided to calculate what it would cost to make the jump upmarket from one bedroom to two bedrooms, two to three bedrooms etc, both in actual money and in mortgage payments (using the current standard variable rate of UK Banks of 4.74%). See the table below.
1 bed to 2 bed 2 bed to 3 bed 2 bed to 4 bed 3 bed to 4 bed 4 bed to 5 bed
5 bed ÂŁ931,896
There are some interesting jumps in costs when moving upmarket as an Oxford buyer. The cost of moving from one to two beds, and two to three beds is relatively reasonable, whilst the jump from three to four beds in Oxford is quite high and therefore ďŹ nancially prohibitive for most families. This helps provide a partial explanation as to why some four-bed properties are currently taking slightly longer to sell. With Oxford already being one of the most expensive cities for house
Oxford Price difference to make the Cost per month to move up move market (mortgage) ÂŁ103,272 ÂŁ407.92 ÂŁ58,933 ÂŁ232.78 ÂŁ270,251 ÂŁ1,067.49 ÂŁ211,318 ÂŁ834.71 ÂŁ309,433 ÂŁ1,222.26
Ĺ?Ĺ?Ĺ?Ä‘Ĺ? !Ĺ?(!0Ĺ?,.+,!.0%!/Ĺ? * Ĺ?/!((Ĺ?,.+,!.0%!/ Ĺ?Ĺ?Ä‘Ĺ? +ÄĄ+*!Ĺ?1* !./0 * /Ĺ? 4"+. Ĺ?,.+,!.05Ĺ? !00!.Ĺ?0$ *Ĺ?3!Ĺ? + Ĺ?Ä‘Ĺ? !Ĺ? %)Ĺ?0+Ĺ?) 4%)%6!Ĺ?( * (+. Ĺ? * Ĺ?$+)!Ĺ?+3*!.Ĺ?.!01.*/ Ä‘Ĺ? !Ĺ?$ 2!Ĺ? Ĺ?0+,ÄĄ0%!.Ĺ?,.+"!//%+* (Ĺ?0! )
affordability in the UK, it is not surprising that the properties at the top of the market prove unaffordable for many. As an aside, there is a lesson here for all my blog readers. You can quite clearly see why the larger four and ďŹ ve bed properties don’t offer the best returns for buy to let landlords. Simply put the monthly ďŹ nance costs and rents achieved don’t match up so well (i.e. a mortgage for a four bed home in Oxford would cost you 51.40% more when compared to a three bed mortgage, but the jump in rent would be a lot less than that). I don’t wish to be dismissive about the solidity of investing in larger properties because it does depend on your circumstances. Four bedroom properties sometimes offer other advantages, however, it is clear to see why the three bed family market is in such demand, and why I forecast that to continue over the coming three to ďŹ ve years.
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King’s Court, Carterton Homes from £195,000
Artist’s impression
Burford
Brand-new Development of Luxurious Cotswolds Homes Morrison Park Homes offers those over 50 the opportunity to release the equity in their bricks-and-mortar property and live a life of luxury in the beautiful Oxfordshire Cotswolds. King’s Court is a brand-new development of 28 luxurious park homes located a short walk from Carterton town centre. Despite its tranquil setting, the park is within easy reach of the abundance of shops and amenities the town has to offer. Close by is Burford, one of the most picturesque towns in England – often referred to as the ‘Gateway to the Cotswolds’. standard of luxury rarely seen in conventional properties. Homes and plots are now available at this exciting new location in one of the UK’s most sought after regions.
King’s Court, Sellwood Drive, Carterton OX18 3AZ
Park Features • • • • • • • • • •
Exclusively for the over 50s In the heart of the Oxfordshire Cotswolds Within walking distance of Carterton town centre Just two miles south of the A40 Landscaped private gardens Adjacent car parking Brick built garden sheds All utilities including natural gas Ideal for retired and semi-retired residents Frequent bus service
VIEWING FRIDAY TO MONDAY 11.00 am to 4.00 pm each day. No appointment necessary. For more information go to www.morrisonparkhomes.co.uk or telephone 07802 322 979, 07802 619 678 or 01494 758 931 Morrison Park Homes were awarded “Park of the Year” by Park Home and Holiday Caravan Magazine for their Henley-on-Thames development
52 Thursday, October 19 - Wednesday, October 25, 2017
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by ber a l up em ive ncia gn v e a Si No rec fin s! th to on ee 30 17 ion ce f 20 uct rvi d se re
Sign up to Embrace Mortgage Services by th 30 November 2017 to receive a reduction on financial service fees! Contact one of our Embrace Mortgage Advisors to secure an appointment for this special offer. Full terms & conditions available on request Abingdon 01235 526907 Burghfield Common 0118 983 1201 Didcot 01235 818 371 Goring on Thames 01491 873456 Henley on Thames 01491 412345 Pangbourne 0118 984 5333 Reading 0118 958 7979 Shinfield 0118 988 5000 Sonning Common 0118 972 4242 Twyford 0118 934 4433 Wallingford 01491 833323 Wantage 01235 772670 Woodley 0118 969 3969
LSLi Ltd t/a Embrace Mor tgage Services charge a typical broker fee of between ÂŁ399 and ÂŁ699 on application. The amount we will charge is dependent on the amount of research and administration that is required. Davis Tate Ltd is an introducer appointed representative of First Complete Ltd for purpose of the provision of advice in relation to mor tgage and non investment insurance products. Mor tgage and Protection advice is provided by LSLi Ltd t/a Embrace Mor tgage Services, an appointed representative of First Complete Ltd. First Complete Ltd is authorised and regulated by the Financial Conduct Authority.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
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Thursday, October 19 - Wednesday, October 25, 2017 53
GOLD GOLD
south east estate south east agency estate agency
2016 2016
me dium agenc y me dium agenc y
WANTAGE An individual detached family residence of approximately 3000sq ft and set on a generous plot approaching 1/4 of an acre and abutting a vineyard. Constructed to a high standard, noteworthy features include a large open plan kitchen/family/diner. EPC Rating C £925,000 Didcot office 01235 818371
WANTAGE A superb detached home situated on a generous corner plot within walking distance to Wantage Market Place.With spacious, well planned accommodation, ample driveway parking and a single garage. Further potential to extend stpp. Awaiting EPC Rating £450,000 Wantage office 01235 772670
WANTAGE A well located three bedroom, two bathroom town house with potential to extend (stpp) & off road parking for several vehicles. Modern re-fitted kitchen, living/dining room with an open fire & ground floor WC. Awaiting EPC Rating. £300,000 Wantage office 01235 772670
WANTAGE A well-presented Grade II listed end-terrace cottage located within walking distance to Wallingford town centre. Open plan living/dining room, two double bedrooms, family bathroom and internal storage. Furnished. Available now. EPC Rating E £1,200pcm plus fees Wallingford 01491 833323 £1,200pcm + fees Wantage officeoffice 01235 772670
Abingdon 01235 526907 Burghfield Common 0118 983 1201 Didcot 01235 818 371 Goring on Thames 01491 873456 Henley on Thames 01491 412345 Maidenhead 01628 566188 Pangbourne 0118 984 5333 Reading 0118 958 7979 Shinfield 0118 988 5000 Sonning Common 0118 972 4242 Twyford 0118 934 4433 Wallingford 01491 833323 Wantage 01235 772670 Woodley 0118 969 3969
54 Thursday, October 19 - Wednesday, October 25, 2017
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GREAT WESTERN PARK COMING SOON Thinking of selling or renting your home? Ask Martin.
NEW OFFICE COMING SOON!
Martin & Co have an office close by in Abingdon, and already work with many property owners in your area. FREE VALUATION
We are opening our new office soon on the Great Western Park.
We will be pleased to assist you NOW by offering a free property valuation for the sale or for the rental of your property. If you have already instructed an agent to sell your property on a sole agency basis, you must consider your current agreement to ensure you do not pay more than one commission.
Martin & Co Abingdon 8-10 West St. Helen Street • Abingdon • Oxfordshire • OX14 5BL
Martin & Co Abingdon abingdon.martinco.com
8-10 West St. Helen Street • Abingdon • Oxfordshire • OX14 5BL abingdon@martinco.com
01235 524300
01235 524300 abingdon.martinco.com
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A L C H E S T E R C H E S T E R T O N
•
P A R K
O X F O R D S H I R E
5 FLAVIAN CLOSE, CHESTERTON CALL 01869 244761 TO BOOK YOUR APPOINTMENT
Ideally located in the picturesque village of Chesterton, this perfectly proportioned 4 double bedroom detached home offers an impressive kitchen/dining room and a separate living room with French doors leading out onto the garden. Upstairs, the master bedroom benefits from a stylish en-suite shower room and a dressing area, while the family bathroom has a walk-in shower and separate bathtub. The property also has the advantage of a study and an integral double garage. Finished to a high specification throughout, the stylish fitted kitchen includes integrated appliances by Zanussi and the bathroom and en-suite offer contemporary Ideal Standard sanitary ware. Fitted flooring is provided throughout.
PRICE £615,000 Green Lane, Chesterton, Bicester, OX26 1UU F O R M O R E I N F O R M AT I O N O R T O R E G I S T E R YOUR INTEREST PLEASE CALL 01869 244761 OR EMAIL alchesterpark@hill.co.uk
WWW.HILL.CO.UK
External and internal photography is of Plot 4 at Alchester Park, Phase One. Prices correct at time of going to press.
Found your dream home?
Our experienced and outcome focused lawyers have helped hundreds of peoples property dreams come true. But don’t just take our word for it – here’s what some of our clients have said… “I would like to thank you for the excellent service you have given us in recent months. We were impressed with your service when we sold our property last year, which is why we returned to you for our next purchase. Again, we have been impressed.” “I have completed a number of property transactions in recent years and want to let you know that the service we have received from you by far exceeds that of others that I have dealt with. It is a pity that we didn’t discover you sooner!” Abingdon 01235 521920
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Didcot 01235 511211
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www.slade-legal.co.uk
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Andrews
Abingdon
01235 888393
NEW INSTRUCTION
Abingdon
£325,000
Abingdon
£275,000
A modern two double bedroom triplex apartment within 0.5 miles of Abingdon main shopping centre. EPC Rating C.
A versatile two/three bedroom family home with no onward chain, situated 1.0 mile from Abingdon town centre. EPC Rating D
Sutton Courtenay £350,000
A two bedroom detached bungalow with potential to extend (subject to planning consents) situated in the ever popular village of Sutton Courtenay. EPC Rating TBC
PRICE REDUCTION
Abingdon
£365,000
Fyfield
£950,000
A light and airy three bedroom detached family home situated in a no through road positioned 1.2 miles from Abingdon Town centre. EPC to follow.
Abingdon £300,000
A super three bedroom family home perfectly positioned within quarter of a mile of the River Thames. EPC Rating C
Open everyday 12 hours in-branch, 24 hours online at Andrewsonline.co.uk
Nestled in the heart of this picturesque Oxfordshire village, is this exquisite double fronted, five bedroom detached cottage. EPC Rating D
To view more properties and other services available visit Andrewsonline.co.uk
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Do you know where you will be living next year? 4 BEDS continued Wharton Road, Headington £1,895 Wharton Road, Headington £1,895 Randolph Street, Cowley £1,800 Kirby Place, Cowley £1,595 Kirby Place, Cowley £1,595 Kirby Place, Cowley £1,595 Kirby Place, Cowley £1,595 Bullingdon Road £1,950 Hollow Way, Temple Cowley £1,800 Hollow Way, Temple Cowley £1,800 Old Road, Headington £1,750 Hillview Road, Oxford £1,725 Ferry Hinksey Road, Oxford £1,895 Henley Street, Iffley £1,995 Cowley Road, Cowley £1,975 Cricket Road, Cowley £2,400 Bullingdon Road, Cowley £1,800 Argyle Street, Cowley £1,895 Leopold Street, Cowley £2,100
3 BEDS Old Road, Headington £1,550 Harcourt Terrace, Headington £1,755 Cardwell Crescent, Headington £1,300 South Street, Oxford £1,670 Bailey Road, Cowley £1,650 Bailey Road, Cowley £1,650 Cardwell Crescent, Headington £1,625 Grays Road, Headington £1,625 4 BEDS Valentia Road, Headington £2,150 Cowley Road, Cowley £2,200 Valentia Road £2,340 Stonor Place, Headington £2,100 Valentia Road, Headington £2,200 Gipsy Lane, Headington £2,300 Cardwell Crescent, Headington £2,100 Magdalen Road £2,230
5 BEDS Old Road, Headington £2,750 Cowley Road, Cowley £2,875 Morris Crescent £2,750 Addison Crescent £2,750 Coleridge Close £2,750 Minster Road £3,125 Osler Road £2,925 Cardwell Crescent, Headington £2,875 Stockmore Street, Cowley £2,790 Warwick Street, Iffley £2,790 East Avenue, Iffley £2,790 Parsons Place £2,295 Glanville Road, Cowley £2,350 Marston Street £2,260 Valentia Road, Headington £2,495 Girdlestone Road, Headington £2,695 Cowley Road, Cowley £1,975 James Street, Iffley £2,500 LET Oxford Road £2,750
5 BEDS continued Milton Road £2,000 Regent Street, Cowley £3,000 Regent Street, Cowley £3,000 Headley Way, Marston £2,800 London Road, Headington £2,800 London Road, Headington £3,000 Cricket Road, Cowley £2,800 Valentia Road, Headington £2,650 6 BEDS Gipsy Lane, Headington £3,450 Cramner Road, Cowley £3,150 Harcourt Terrace £3,510 Morris Crescent £3,300 Valentia Road £3,510 Valentia Road £3,510 Addison Crescent £3,300 Bullingdon Road, Cowley £2,665 St Marys Road, Cowley £2,895 Cricket Road, Cowley £2,895 Leopold Street, Cowley £3,600 Cowley Road, Cowley £2,650 Old Road, Headington £3,000 Harcourt Terrace, Headington £3,050 Howard Street, Cowley £2,750 Cowley Road £3,700 Valentia Road, Headington £3,750 Grays Road, Headington £3,750
w
ist l rty 017 e p 2 o r p ber t of n o n e ct io rd. d t u c fo le st 9 O x e s e v n1 i st nd O s e t: b ou u do l a e c r e x he th d a m e e o s r bli n e h .com s a u t O pu to y in en co t d s t e tu tin fir per s b 18 e t l r o 0 li h a t 2 ex pr Be ent d stu
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6 BEDS continued Windmill Road, Headington £3,800 Howard Street, Iffley £3,600 Cowley Road, Cowley £3,700 Divinity Road, Cowley £3,750 St Mary’s Road, Cowley £3,600 Fairacres Road, Iffley £3,500 Cowley Road £3,000 LET 7 BEDS East Avenue, Cowley £3,850 Lime Walk £3,850 Howard Street, Cowley £3,250 Regent Street, Cowley £3,250 Old Road, Headington £4,300 8 BEDS Langley Close, Cowley £4,250 Grays Road, Headington £4,800 Cowley Road, Cowley £4,320 Divinity Road, Cowley £5,000 Cowley Road, Cowley £4,400
58 Thursday, October 19 - Wednesday, October 25, 2017
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NORTHERN BYPASS ROAD | OXFORD | OX3
SHOW APARTMENT NOW OPEN
5% WITH JUST A
DEPOSIT*
Join us for our First-Time Buyer event SATURDAY 28TH AND SUNDAY 29TH OCTOBER, 10AM - 5.30PM To RSVP, contact our sales team:
01865 950 199 mosaicsoxford.co.uk ! @MosaicsOxford
" @Mosaics_Oxford
If youâ&#x20AC;&#x2122;re a first-time buyer looking to get onto the property ladder, buying your first home can be a daunting process. Join us at our exclusive event to find out how you can own your dream home at Mosaics with as little as a 5% deposit*, as well as receive free financial advice from an Independent Financial Advisor. Our contemporary homes boast: < $2/.*$ *(3"'$-2 6(3' (-3$&1 3$# //+( -"$2 < $ 43(%4++8 //.(-3$# !.43(04$ ! 3'1.., and en-suites < ="($-3 -# ".,%.13 !+$ 4-#$1;..1 '$ 3(-& < 1(&'3 (-3$1(.12 6(3' ;..1 3. "$(+(-& 6(-#.62
2 bedroom apartments from £360,000 3 bedroom houses from £595,000 # Mosaics_Oxford
5% DEPOSIT £18,000
20% £72,000 75% £270,000 EQUITY LOAN
MORTGAGE
PROPERTY COST: £360,000
$+/ 3. 48 24!)$"3 3. 3$1,2 -# ".-#(3(.-2 ++4231 3(.- (2 %.1 (-#(" 3(5$ /41/.2$ .-+8 +$ 2$ 2/$ * 3. +$2 7$"43(5$ %.1 %413'$1 (-%.1, 3(.- .,/43$1 $-$1 3$# , &$ .% .2 ("2 -3$1- + /'.3.&1 /'8 (2 %1., 3'$ '.6 / 13,$-3 3 .2 ("2 1("$2 ".11$"3 3 3(,$ .% &.(-& 3. /1$22
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Showhome unveiled at Heyford Park
HEYFORD Park have recently unveiled their latest showhome, The Rushworth, which places high-quality living at the core of its design. The new showhome was created in conjunction with interior designer Claude Hooper. The Rushworth showhome is a prime example of the quality of the homes being built at Heyford Park. This stand-out property encompasses
the modern and distinctive styles created throughout the development project. The Rushworth is a perfect environment for relaxed family living, with the added capability to entertain comfortably within its large open spaces. The Rushworth is a five-bedroom property with an open plan kitchen, living room and dining room, and two sets of bi-folding doors to the garden.
It includes en-suites to the master, second and third bedrooms as well as built-in wardrobes to the master and second bedroom. Additionally, the Rushworth features a study, a balcony to the master bedroom and a detached double garage. Appointments to view the showhomes at Heyford Park can be arranged by calling 01869 238 238. Open from 10am to 5pm daily.
Excited about autumn? We are!
If you are thinking of moving then contact Louise, Warren & the team for a wealth of experience in successfully valuing & selling property in Didcot & the surrounding villages on 01235 511406.
www.hodsons.co.uk